The most recent financial statements for shinoda manufacturing co. are shown below: income statement balance sheet sales $ 64,600 current assets $ 30,000 debt $ 46,200 costs 44,480 fixed assets 82,900 equity 66,700 taxable income $ 20,120 total $ 112,900 total $ 112,900 tax (35%) 7,042 net income $ 13,078 assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 47 percent dividend payout ratio. no external equity financing is possible. what is the sustainable growth rate?

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk